Mortgage woes, foreclosure fouls to cost big banks
1 to pay Fannie Mae $10 billion
Posted: January 8, 2013 at 3:35 a.m.
Bank of America agreed Monday to pay more than $10 billion to Fannie Mae to settle claims over troubled mortgages that soured during the housing crash, mostly loans issued by the bank’s Countrywide Financial subsidiary.
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Front Section, Pages 1 on 01/08/2013